---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-268852"
form_type: "8-K"
ticker: "AFG"
cik: "0001042046"
company_name: "AMERICAN FINANCIAL GROUP INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:11:46.302235+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AFG Q3 2023 core EPS $2.45, up 9% YoY; declares special $1.50 dividend

## Summary
- Core net operating earnings $208M ($2.45/sh), up 9% from $2.24; annualized core ROE 18.3%.
- Specialty P&C combined ratio 92.2%; underwriting profit $143M; net written premiums up 4%.
- Board declares special $1.50/sh cash dividend (payable Nov 22 to holders Nov 13); aggregate ~$126M.
- Full-year 2023 core EPS guidance maintained at $10.15-$11.15; net investment income up 17% YoY.
- Repurchased $86M of common stock in Q3; excess capital ~$660M.

## SEC filing metadata
- accession: 0001193125-23-268852
- form_type: 8-K
- ticker: AFG
- cik: 0001042046
- company_name: AMERICAN FINANCIAL GROUP INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042046/000119312523268852/0001193125-23-268852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042046/000119312523268852/d507816d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-268852
- JSON: https://secwatch.observer/filing/0001193125-23-268852.json
- Plain text: https://secwatch.observer/filing/0001193125-23-268852.txt

## Key facts
- Earnings Releases
  AMERICAN FINANCIAL GROUP INC reported the third quarter of 2023 results: net income $177 million, EPS $2.09 per share. Guidance reaffirmed.
  - Period: the third quarter of 2023
  - Net income: $177 million
  - EPS: $2.09 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: American Financial Group, Inc. (NYSE: AFG) today reported 2023 third quarter net earnings of $177 million ($2.09 per share) compared to $165 million ($1.93 per share) in the 2022 third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000119312523268852/0001193125-23-268852-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.